Victoria Guida is an economics correspondent at POLITICO and author of Capital Letter, a reported column that probes policies shaping the American economy and is closely read by policymakers and business executives.

President Donald Trump fired the commissioner of the BLS after a disappointing jobs report. It likely won't help the data get better.

And on Friday, when the July jobs report revisions showed a distressed economy, Trump had an answer: He fired the official in charge of the data and called the report of a sharp slowdown in hiring “phony.